Mitchell International Reports Record Revenues in 2008 - aftermarketNews

Mitchell International Reports Record Revenues in 2008

Company sets new performance benchmarks with these results.

SAN DIEGO, Calif. – Mitchell International has announced record business performance results for 2008. The company said it grew revenue by more than 15 percent on a year-over-year basis and is on pace to achieve similar growth in 2009 — with sales expected to exceed $250 million. Moreover, the company said it made substantial gains in new customer additions, adding more than 2,500 new collision repair shops to its network in 2008.

“We are proud of our strong performance in 2008 — especially given the challenges presented by the economy,” said Alex Sun, president and CEO, Mitchell International. “The fact that Mitchell achieved balanced growth across its key business lines was especially encouraging.” 

Mitchell’s physical damage business benefited from a number of product lines — WorkCenter Total Loss, WorkCenter Dispatch and ABS/Enterprise — which each more than doubled revenue year over year, and AutocheX grew by 20 percent. On the Casualty side, Mitchell claims to have continued its history of success of high double-digit growth with adoption of its third party (ClaimIQ) and payment solutions. 

Sun added, “As our business results demonstrate, Mitchell was, and is, firing on all cylinders—with even more powerful momentum and results expected in 2009.”

In 2008 Mitchell also maintained an ambitious pace of investment in product development to fulfill its vision of elevating the level of collaboration between insurance carriers and collision repairers and introducing innovations for claims automation and performance. 

You May Also Like

Safelite Group Acquires Genuine Auto Glass

This is the second acquisition for Safelite in October.

Safelite Group, one of the nation’s leading vehicle glass services and recalibration companies and owner of Safelite AutoGlass, has announced an agreement to acquire the assets of Genuine Auto Glass in Seattle. The transaction was completed on Friday, Oct. 7. 

Genuine Auto Glass will leverage Safelite’s excellent operational systems, advanced safety system recalibration expertise, world-class distribution network, global purchasing power and strong insurance and commercial relationships. 

Opus IVS Releases New DriveSafe Diagnostics Software

This new release brings awareness to calibrations required while streamlining and reducing errors in ADAS calibrations for the collision shop.

Survey: More Shops Being Paid to Clear Customer Data

More collision repair facilities are getting paid for the labor to erase personal data for a customer whose vehicle has been declared a total loss.

Safelite Group Acquires Binswanger Auto Glass Division 

The business has operations throughout the Midwest and Southeastern U.S.

Kepner’s Precision Auto Krafters Joins 1Collision

Established more than 50 years ago, Kepner’s Precision Auto Krafters is a family run business located southwest of Kalamazoo and Grand Rapids.

Other Posts

NTSB Calls For Alcohol Detection In All New Vehicles

Driving under the influence of alcohol remains a leading cause of injury-involved highway crashes.

GFS Taps Maximum Equip as Preferred Supplier

Maximum Equipment & Technical Services is now GFS’s preferred automotive and truck refinish distributor in southern California.

BASF Reveals 2022-2023 Automotive Color Trends Collection

The collection title New Array refers to the thoughtful process of ordering values and responding to new needs.

Driven Brands Acquires Auto Glass Fitters

Driven Brands now serves customers across 160+ locations, and almost 700 mobile units across 41 states.